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Stand Alone Restaurant With Sports Bar
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $2000000
Net Profit / Cash Flow $270000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2008
Number of Employees 10 - 19
Inventory 350000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Yes.
Reason for Sale Owner is terminally ill
Description Completely Renovated 5000+sq.ft. stand alone Italian Restaurant/Bar and Betting Lounge for sale. The restaurant opened January of 2009. It has licensing from New York State for Liqour,Lottery,Quick Draw and Horse Racing. ( New owner must apply and qualify ) Licenses are all in good standing with over $2,000,000 in sales. The restaurant has great visibilty and is located on a high-traffic main road. It has 50 parking spaces with available street parking as well. The total seating capacity is 216, which is inclusive of 100 seats in the dining room, 36 in the bar area, 30 in the betting lounge, and 40 in the outdoor patio. There are 15 Hi Definition TV's ranging fron 36'' to 65''s. The restaurant is fully computerised and secured with survailance. The kitchen is fully equipt.It is less than 4 years old. It has a baking area that has a steam injection ovens and mixers. There is a separate area which is not currently being used to make pizza. It is equipt with a (2) 8 pie ovens, a dough retarder and soda machine.
Everything is fully paid for with no notes or leases.
It has a 25 year Assumable lease in place with an option to buy, via right of first refusal.
Owners health is terminal.
Great Oppurtunity! Terms Available.
Please respond by email or leave a message at 631 921-9918 to make an appointment.
Click Here To Contact Seller
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